Palm oil prices seen rising in 2024 as El Nino crimps Indonesian output- GAPKI
Crude palm oil (CPO) prices in 2024 are likely to average at least 11 percent more than this year as El Nino weather patterns are expected to reduce output in top producer Indonesia, the Indonesian Palm Oil Association (GAPKI) said on Thursday.
Net IIP inched higher in June
The country’s international investment position (IIP) showed a net liability position of $48.5 billion as at end-June this year, slightly higher by 2.5 percent than only $47.4 billion as at end-March, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
PLDT Smart select Amdocs for cloud migration and modernization project
Amdocs, a leading provider of software and services to communications and media companies, announced having been selected by PLDT Inc. (PLDT), a leading telecommunications and digital service provider in the Philippines, and its wireless subsidiary Smart Communications, Inc. (Smart), to accelerate their cloud modernization on Amazon Web Services (AWS).
FCDU loans marginally lower at end-June
Loans obtained from the banks' foreign currency deposit units (FCDU) stood at $15.4 billion as at end-June this year, $66 million or by 0.4 percent lower than the end-March when this aggregated $15.5 billion, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
Globe tower-disposal activities proceed without a hitch
Globe Telecom Inc. on Friday said it completed the sale of 29 towers to MIESCOR Infrastructure Development Corp. (MIDC) for P348 million.
